Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Score Media and Gaming Inc. (SCR-X) announced that its subsidiary Score Digital Sports Ventures Inc. has received authorization to offer mobile sports wagering services in Colorado.
“We can’t wait to launch theScore Bet in Colorado later this month and showcase our incredible betting product to the passionate sports fans there,” said John Levy, founder and CEO of theScore. “This regulatory approval is another significant step toward theScore Bet’s multi-state expansion as we roll out our uniquely integrated media and betting experience across the country.”
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GoldMining Inc. (GOLD-T) announced the appointment of David Garofalo, the former CEO of Goldcorp, as the chairman, CEO and director of its subsidiary Gold Royalty Corp.
"With his impressive 30 years of extensive leadership experience with major gold producers, David will be an invaluable addition to our team as we advance our newly formed royalty business and existing project portfolio," stated Amir Adnani, chairman of GoldMining. " As CEO of Goldcorp, David was able to consummate a merger with Newmont in 2019 that created the world's leading gold producer."
Prior to joining Goldcorp, Mr. Garofalo was CEO of Hudbay Minerals Inc.
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Premier Gold Mines Limited (PG-T) announced that it’s evaluating asset reorganization options “to maximize the value of its extensive property portfolio, which could potentially include spinning-out to its shareholders the company’s U.S. subsidiary that holds its Nevada assets.”
If the spin-out is completed, the company said ti's expected to be a stand-alone, U.S.-domiciled, publicly listed gold company that will include the South Arturo and McCoy-Cove properties.
"Additional acquisition opportunities are also being assessed by the company through its U.S. subsidiary in the United States," it stated, adding that a final decision has not been made "and there can be no assurance that this evaluation will result in a spin-out or other similar transaction."
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IBI Group (IBG-T) announced that, in collaboration with Northeast Traffic Control Services, Inc. and Green International Affiliates, Inc., it has been selected to provide the Statewide Travel Time System ‘GoTime’ for the Massachusetts Department of Transportation.
The five-year, multi-million dollar software-as-a-service agreement see IBI Group provide "a 24/7-hosted solution that includes the travel time module of its Advanced Traffic Management System as well as its asset management platform."
“A significant win that adds to our growing SaaS portfolio, I’m proud to see several of our software products being utilized to support efficient travel in the state of Massachusetts,” said IBI Group CEO Scott Stewart in a release.
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Aura Minerals Inc. (ORA-T) announced it plans a division of the issued shares of the company. For each share currently held, each shareholder will receive 15 shares of the company.
The Brazilian depositary receipts issued or to be issued in connection with Aura’s previously announced initial primary and secondary public offering with restricted efforts of Brazilian depositary receipts will be divided at the same ratio, the company said.
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Stingray Group Inc. (RAY.A-T; RAY.B-T) reported revenue of $52.3-million for its first quarter of fiscal 2021 ended June 30 compared to $80.4-million for the same quarter a year earlier.
"The decrease was primarily due to the impact of the COVID-19 pandemic on radio revenues and, to a lesser extent, on the broadcast and commercial music revenues," the company stated.
Analysts were expecting revenue of $56.4-million in the latest quarter.
Net income was $7-million or 10 cents per share compared to $9.2-million or 12 cents per share a year earlier.
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Dream Industrial REIT (DIR.UN-T) reported second-quarter recorded net income of $2.9-million compared to $84-million a year ago.
Net rental income of $42.4-million compared to $35.2-million a year ago.
Funds from operations came in at $29.6-million or 17 cents per unit versus $27.6-million or 20 cents a year ago. Analysts were expecting FFO of 18 cents per unit.
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Dream Hard Asset Alternatives Trust (DRA.UN-T) reported a net loss of $3.6-million or 5 cents per share for the second quarter compared to net income of $8.8-million or 12 cents a year ago.
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Premier Gold Mines Ltd. (PF-T) reported second-quarter revenue of $14.8-million compared to revenue of $23-million a year earlier.
Its net loss was $14.1-million or 6 cents per share versus a loss of $10.1-million or 5 cents a year ago.
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Aptose Biosciences Inc. (APTO-Q; APS-T) reported a net loss for its second quarter ended June 30 of $15.8-million or 21 cents per share compared with a loss of $6.2-million or 13 cents per share for the same quarter a year ago. Analysts were expecting a loss of 22 cents in the latest quarter.
The company said total cash and cash equivalents and investments as of June 30, were $82.7-million. “Based on current operations, we expect that cash on hand and proceeds from the recent public offering provide the company with sufficient resources to fund all planned operations including research and development into 2023,” it stated.
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